Real Estate - July 25, 2023

Fort Lauderdale’s Waterfront Marvels: Tavistock’s Pier Sixty-Six and Beyond

The Tavistock Development Company secured a $175 million construction loan for its Pier Sixty-Six mixed-use waterfront project in Fort Lauderdale.

As part of the Tavistock Group, led by British billionaire Joe Lewis, the company is working on the construction of two stunning 11-story condominiums, totaling 61 units, along with three luxurious hotel buildings offering a combined 325 rooms, as reported by a company spokesperson.

The chosen location for this development is at 2300 and 2301 Southeast 17th Street, with the expectation of completion next year.

Furthermore, Tavistock has showcased its strategic vision by acquiring a 32-acre development site in 2016 and 2017, investing a combined total of $187 million. As a result of this investment, the company launched condo sales in October, presenting this promising opportunity to the market.

Recently, Tavistock Development also ventured into Fort Lauderdale’s multifamily real estate market by acquiring Harbour Pointe Villas and Docks Apartments for $21.9 million. This property includes an elegant three-story building with 34 units, along with an adjacent dock with six boat slips. Strategically located just one block south of the Pier Sixty-Six project, this acquisition further enhances the company’s presence in the region.

It is worth noting that the Tavistock Group, founded over 40 years ago by Joe Lewis, is a renowned international private investment firm, with a comprehensive focus on sectors such as hospitality, agriculture, energy, sports, finance, technology, and biotechnology.

Fort Lauderdale is solidifying itself as a hub of real estate development, with significant projects in progress. In addition to Pier Sixty-Six, another eagerly anticipated venture is Bahia Mar, an approved redevelopment project set to become a luxury resort with 256 rooms and 60 exclusive condominiums, along with 350 additional residential units spread across four towers. With a mega-yacht marina and commercial space, 801 Seabreeze Boulevard promises to become a prominent location in the area.

Last year, the city granted leasing rights of this area to Tate Capital, which, in partnership with Sergio Rok’s Rok Enterprises and Pérez’s Related Group, is dedicated to transforming Bahia Mar into a real estate gem.

Another significant presence in Fort Lauderdale is Kolter Urban, which is developing Selene Oceanfront Residences. This impressive project consists of two 26-story towers, totaling 194 condominiums. In December, Kolter Urban secured a $240 million construction loan to advance this grand initiative.

With such exciting projects underway, Fort Lauderdale continues to attract significant investments and promises to become even more appealing to residents and visitors seeking luxury, comfort, and a waterfront lifestyle.


Text credits: The Real Deal  adapted by Flavio Bergmann

Tavistock’ Joe Lewis and Nick Beucher with a rendering of Pier Sixty-Six ( photomontage by Vinícius Pascoal)

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